Projected Costs and Returns Crop Enterprise Budgets for Sweet Potato Production in Louisiana, 2017 Kurt Guidry, Tara Smith, and Myrl Sistrunk Department of Agricultural Economics & Agribusinesss Louisianaa State University Agricultural Center www.lsuagcenter..com
Table of Contents PAGE Introduction.. 1 Procedure.. 1 Expected Crop Yields and Market Prices.. 2 Direct Production Costs.. 2 Farm Machinery Costs.. 3 Overhead Costs.. 3 Land and Management Costs.. 3 Acknowledgements.. 3 Sweet Potato Enterprise Budgets: Table 1 Sweet Potato Mother Beds. 4 2 Sweet Potato Production Acres, 2 Row Harvester. 6 3 Sweet Potato Production Acres, Shaker Harvester with Bucket Crew. 9 4 Sweet Potato Production Acres, Bulk Harvester, No Storage. 12 Appendices: App. Table 1 Tractors, Performance Rates and Costs, Louisiana, 2017 15 2 Self propelled, Performance Rates and Costs, Louisiana, 2017 15 3 Implements, Performance Rates and Costs, Louisiana, 2017 16 4 Operating Inputs, Estimated Prices, Louisiana 2017 17 5 Estimated Costs Per Acre, Furrow, 9 applied, Louisiana, 2017 18 6 Estimated Costs Per Acre, Center Pivot, 6 applied, Louisiana, 2017 19 i
Staff Report No 2017 03 January 2017 Projected Costs and Returns Crop Enterprise Budgets for Sweet Potato Production in Louisiana, 2017 By Kurt Guidry, Tara Smith, and Mryl Sistrunk 1 1 Professor, Department of Agricultural Economics and Agribusiness, LSU Agricultural Center, Baton Rouge, LA; Regional Director, Northeast Region, LSU Agricultural Center, Winnsboro, LA; and Extension Associate, Sweet Potato Research Station, LSU Agricultural Center, Chase, LA. Introduction This publication presents estimates of projected costs and returns for sweet potato production in Louisiana for the 2017 crop year. Producers are annually faced with critical management decisions that impact the employment of production inputs for various crop enterprises and the combination of crops that will be assembled into a cropping system. The need for reliable information is crucial if sound production decisions are to be made. Planning information plays a pivotal role in the development of annual crop production plans by producers and is important in supporting their efforts to secure the necessary resources to carry out their plans. In addition, information regarding production alternatives and costs and returns for major crop enterprises is needed by extension personnel, researchers, lending institutions, and others involved in agriculture or agribusiness. The purpose of this report is to provide planning information regarding crop production costs and potential market returns for the 2017 crop year. Crop enterprise budgets in this report are presented in two budget formats. The first budget format (Table A) is a summary of costs for the crop enterprise. The second budget format (Table B) 1 provides the sequence of production activities and operations assumed to be conducted by the producer throughout the planting, growing, and harvest seasons. For each activity, the table provides the equipment and implements used, the month of operation, the amount of labor required, the amount of machine time required, and any inputs used. Labor costs, input costs, custom application/service costs, and direct and fixed costs for tractors and equipment are included for each activity. All costs are summed to provide an estimate of the total cost per activity. In addition, projected returns at various yield and price levels are provided in subsequent tables (Tables C through E). Procedure The general procedure used in this study was to project machinery and other input price data and apply these data to the production practice data for crop enterprises produced in Louisiana. Input prices were obtained through a combination of surveying farm input and service suppliers and collecting price data available through the Mississippi State Budget Generator Program. This input price data forms the basis for estimating 2017 planning budgets. Machinery and other input
cost data are presented in the Appendix of this report. The budgets included in this report represent the most common production and harvest strategies being employed by commercial sweet potato producers in Louisiana. All budgets are categorized by per acre total direct expenses and per acre total fixed expenses for a production season. Within these two broad categories, the various inputs are itemized with their respective costs. Although a particular enterprise budget is presented on a per acre basis, some individual cost items are specified on an hourly or price per unit basis. Direct expenses include such cost items as seed, fertilizer, chemicals, fuel, labor, repairs, and irrigation. Fixed expenses include such items as depreciation and interest on investment which are generally incurred during the production period. The budgets included in this report were developed using the same computational procedures as utilized by the Mississippi State Budget Generator Program and as used by the LSU AgCenter in developing budgets for other row crop commodities. The Mississippi State Budget Generator provides a standard format for crop and livestock budgets and the computational procedures utilized are widely accepted for estimating projected commodity costs for planning purposes. Expected Crop Yields and Market Prices Projected crop enterprise budgets in this report include a calculation of expected market returns for the crop. Market returns are based on assumptions about market prices and crop yields. Projected crop yields were based on conversations with producers and LSU AgCenter sweet potato production specialist regarding their expectations for expected yields given normal weather 2 conditions. Projected market prices were also developed based on conversations with industry personnel regarding current and projected price movement. No estimate of income from farm program participation or crop insurance is included in these budgets due to the wide variety of farm program and crop insurance choices available to producers. Direct Production Costs Direct or variable production costs were estimated based on a specific set of production activities assumed conducted throughout the production period. These set of production activities were identified through meetings with producers and LSU AgCenter sweet production specialist. These production strategies represent the most commonly utilized strategies in the production of sweet potatoes in Louisiana. Costs associated with conducting these activities are estimated using input price data collected through industry surveys and from the Mississippi State Budget Generator Program. Herbicide, fertilizer, and insecticide expenditures for each enterprise budget are based upon the types of chemicals producers generally reported using for that situation. Suggested prices for selected farm inputs and custom application rates are presented in the appendix. Hired labor was charged at $13.65 per hour for all classes of labor. This wage rate includes a basic wage rate set at the adverse wage rate for Louisiana ($10.69 per hour) plus additional costs for social security, Medicare, and workman s compensation (an additional 26.75%). While farm labor may not be generally available on an hourly basis, any hourly charge represents a practical method for charging labor to the respective crop enterprises on a per acre basis.
Interest on operating capital (short term) was charged at a nominal rate of 4.75% per year. Operating capital was assumed to be borrowed in a manner consistent with the timely acquisition of inputs. Fuel price for diesel was set at $1.85 per gallon. Variable costs for tractors, self propelled machinery, and irrigation machinery include the cost of fuel, lubrication, and repair. The intermediate interest rate was charged at an historical real rate of 5.00%. The reasoning behind the difference in short and intermediate term rates is that longer term nominal rates are highly variable and closely follow the trend set by the rate of inflation. Intermediate interest rates above the real rate of interest can overstate true interest costs because they overlook the value gained by an asset due solely to inflation. Farm Machinery Costs Machinery cost data were obtained from a combination of a survey of machinery dealers and data available through the Mississippi State Budget Generator Program. For specialized machinery for sweet potato production, cost data were obtained through communication with producers and LSU AgCenter sweet potato production specialist. New machinery prices were used to reflect the economic cost of acquiring and maintaining capital assets in current dollar values. Purchase prices for power and machinery items included in this report are presented in the appendix. Other data included in the appendix indicate hours of annual use and years of life for each selected machinery item. Fuel consumption, salvage value, accumulated repair costs and other machinery performance data are based on ASAE standards. Machinery fixed costs are calculated using the capital recovery method which includes estimates of both annual depreciation and interest on investment. Overhead Costs Overhead costs reflect significant expenses associated with the operation of the entire farm business, but are not necessarily attributable to a specific crop enterprise. Examples of farm overhead costs include tax services, record keeping, utilities, farmstead maintenance, and insurance and property taxes where applicable. General farm overhead costs can vary greatly from farm to farm based on many factors including farm size, land tenure, and crop production technology utilized. As the primary purpose of this report is to estimate production cost associated with a specific commodity, no charges for general farm overhead are included. Land and Management Charges The estimated production expenses included in this report include only direct and fixed expenses associated with the production of the specific crop enterprise. Labor charges included in the enterprise budgets only include charges for field labor. No charges for management are included. In addition, no charges for land are included in the enterprise cost tables. Following each set of enterprise cost tables, a set of net return tables are included. These tables provide net returns above total specified costs and represent returns to land, management, and general farm overhead. In other words, the returns would be what is left after paying direct and fixed expenses and would be available for paying land, management and overhead expenses. Acknowledgements The authors are indebted to Louisiana sweet potato producers and LSU AgCenter Extension Service agents and Experiment Station scientists for their cooperation and assistance in providing specific production practice information. 3
Table 1a. 2017 Estimated Costs Per Acre, Sweet Potato Mother Beds Expense Item Unit Price Quantity Amount Your Value Seed Producer Grown Bu $12.00 1,125.00 $13,500.00 Foundation Seed Bu $20.63 375.00 $7,736.25 Fertilizer Nitrogen Lbs $0.32 40.00 $12.80 Phosphate Lbs $0.49 120.00 $58.80 Potash Lbs $0.26 120.00 $31.20 Herbicide Command 3ME Pts $18.50 1.33 $24.67 Insecticide Brigade 2EC Pts $19.36 0.20 $3.87 Leverage 2.7 Oz $1.95 2.80 $5.46 Fungicide Botran 75W Lbs $14.32 2.25 $32.22 Labor Tractor/Implement Hr $13.65 5.50 $75.07 Other Hired Labor Hr $13.65 10.00 $136.46 Fuel Tractor/Implement Gals $1.85 20.64 $38.19 Repair and Maintenance Tractor/Implement Acre $32.08 1.00 $32.08 Other Inputs Plastic Acre $595.50 1.00 $595.50 Interest on Operating Capital Acre $349.41 1.00 $349.41 Total Direct Expenses $22,631.98 Fixed Expenses Tractor/Implement Acre $111.38 1.00 $111.38 Total Specified Expenses $22,743.36 4
Table 1b. 2017 Estimated Resource Use and Costs For Field Activities, Per Acre, Sweet Potato Mother Beds Total Total Acres Hours Fuel R/M Labor Labor Input Direct Fixed Total Month of Per Per Tractor Implement Cost/ Cost/ Use/ Cost/ Cost/ Cost/ Cost/ Cost/ Activity Activity Hour Acre Size Size Acre Acre Acre Acre Acre Acre Acre Acre 1) Disked Twice Jan 6.85 0.146 150 HP Disk 14 Ft $4.17 $3.28 0.321 $4.38 $0.00 $11.83 $12.03 $23.86 2) Apply Fertilizer Feb 2.55 0.393 75 HP Fertilizer Pull Type 6 ft $2.81 $5.36 0.432 $5.90 $0.00 $14.06 $22.40 $36.47 N 40 lbs @ $0.32/lb $0.00 $0.00 0.000 $0.00 $12.80 $12.80 $0.00 $12.80 P 120 lbs @ $0.49/lb $0.00 $0.00 0.000 $0.00 $58.80 $58.80 $0.00 $58.80 K 120 lbs @ $0.26/lb $0.00 $0.00 0.000 $0.00 $31.20 $31.20 $0.00 $31.20 3) Disked Twice Feb 6.85 0.146 150 HP Disk 14 Ft $4.17 $3.28 0.321 $4.38 $0.00 $11.83 $12.03 $23.86 4) Hipped Rows Feb 6.77 0.148 150 HP Hipper 4 Row $2.11 $0.98 0.162 $2.22 $0.00 $5.31 $4.83 $10.14 5) Load Seed Potatoes Mar 3.03 0.330 Forklift $0.72 $0.22 0.363 $4.95 $0.00 $5.90 $1.31 $7.20 6) Transport Seed Potatoes Mar 3.03 0.330 50 HP Utility Trailer 10 Ft $1.57 $0.46 0.363 $4.95 $0.00 $6.99 $2.62 $9.60 7) Plant Seed Potatoes Mar 3.03 0.330 105 HP Planter SP Seed $3.30 $3.09 0.363 $4.95 $0.00 $11.34 $10.62 $21.96 Producer Seed 1,125 Bu @ $12/Bu $0.00 $0.00 0.000 $0.00 $13,500.00 $13,500.00 $0.00 $13,500.00 Foundation Seed 375 Bu @ $20.63/Bu $0.00 $0.00 0.000 $0.00 $7,736.25 $7,736.25 $0.00 $7,736.25 Botran 75W 2.25 lbs @ $14.32/lb $0.00 $0.00 0.000 $0.00 $32.22 $32.22 $0.00 $32.22 Additional Labor 1 Hour $0.00 $0.00 0.000 $0.00 $13.65 $13.65 $0.00 $13.65 8) Cover Seed Mar 5.00 0.200 75 HP Seed Covering Machine $2.86 $1.60 0.440 $6.00 $0.00 $10.46 $5.28 $15.74 9) Apply Herbicide (Applied on Half of the Acreage) Mar 11.82 0.085 50 HP Spray Boom 20 Ft $0.20 $0.18 0.047 $0.64 $0.00 $1.02 $0.47 $1.48 Command 3ME 2 2/3 pts @ $18.50/pt $0.00 $0.00 0.000 $0.00 $24.67 $24.67 $0.00 $24.67 10) Lay Plastic Mar 1.62 0.620 50 HP Plastic Layer 4 Ft Centers $7.70 $4.13 1.779 $24.28 $0.00 $36.11 $15.55 $51.66 Plastic (8 x 2,000) 3 rolls @ $198.50/roll $0.00 $0.00 0.000 $0.00 $595.50 $595.50 $0.00 $595.50 Additional Labor 3 Hours $0.00 $0.00 0.000 $0.00 $40.94 $40.94 $0.00 $40.94 11) Make Ditches Mar 50.00 0.020 50 HP Ditcher $0.10 $0.07 0.022 $0.30 $0.00 $0.47 $0.21 $0.67 12) Hand Labor 4 Hours Make Holes/Slits in Plastic Mar $0.00 $0.00 0.000 $0.00 $54.58 $54.58 $0.00 $54.58 13) Disked Between Rows (Covering 0.5 Acres) Mar 6.85 0.146 150 HP Disk 14 Ft $1.04 $0.82 0.080 $1.10 $0.00 $2.96 $3.01 $5.97 14) Disked Between Rows (Covering 0.5 Acres) Apr 6.85 0.146 150 HP Disk 14 Ft $1.04 $0.82 0.080 $1.10 $0.00 $2.96 $3.01 $5.97 15) Hand Labor 2 Hours Remove Plastic Apr $0.00 $0.00 0.000 $0.00 $27.29 $27.29 $0.00 $27.29 16) Apply Insecticide Apr 11.82 0.085 50 HP Spray Boom 12 Ft $0.40 $0.36 0.093 $1.27 $0.00 $2.03 $0.93 $2.96 Brigade 2EC 3.2 oz @ $19.36/pt $0.00 $0.00 0.000 $0.00 $3.87 $3.87 $0.00 $3.87 17) Apply Insecticide Apr 11.82 0.085 50 HP Spray Boom 12 Ft $0.40 $0.36 0.093 $1.27 $0.00 $2.03 $0.93 $2.96 Levarage 2.7 2.8 oz @ $1.95/oz $0.00 $0.00 0.000 $0.00 $5.46 $5.46 $0.00 $5.46 18) Cut Slips for Transplant May 5.00 0.200 75 HP Plant Cutting SP $1.43 $3.79 0.220 $3.00 $0.00 $8.22 $4.12 $12.34 19) Destroy Seed Potatoes (Disked Twice) June 6.85 0.146 150 HP Disk 14 Ft $4.17 $3.28 0.321 $4.38 $0.00 $11.83 $12.03 $23.86 Totals $38.19 $32.08 5.501 $75.07 $22,137.23 $22,282.57 $111.38 $22,393.95 Interest on Operating Captial $349.41 Total Specified Costs $22,743.36 5
Table 2a. 2017 Estimated Costs Per Acre, Sweet Potato Production, 2 Row Harvester Expense Item Unit Price Quantity Amount Your Value Seed Slips Acre $379.06 1.00 $379.06 Fertilizer Nitrogen Lbs $0.32 40.00 $12.80 Phosphate Lbs $0.49 120.00 $58.80 Potash Lbs $0.26 120.00 $31.20 Zinc Qrt $5.98 1.00 $5.98 Herbicide Command 3ME Pts $18.50 2.67 $49.33 Valor SX Oz $6.38 2.50 $15.95 Insecticide Admire Pro Oz $1.72 10.50 $18.06 Baythroid XL Oz $2.48 2.80 $6.94 Belay Oz $2.40 12.00 $28.80 Brigade 2EC Oz $0.58 9.60 $5.55 Imidan 70WSB Lbs $11.10 2.60 $28.86 Leverage 2.7 Oz $1.95 2.80 $5.46 Lorsban 4E Pts $6.66 4.00 $26.64 Fungicide Telone II Gals $18.50 8.00 $148.00 Labor Tractor/Implement Hr $13.65 22.58 $308.06 Irrigation Hr $13.65 0.43 $5.91 Other Hired Labor Hr $13.65 67.33 $918.82 Fuel Tractor/Implement Gals $1.85 61.80 $114.32 Irrigation Gals $1.85 5.62 $10.39 Repair and Maintenance Tractor/Implement Acre $75.55 1.00 $75.55 Irrigation Acre $4.89 1.00 $4.89 Other Transplant Crates Acre $32.00 1.00 $32.00 Harvest Bins Acre $340.00 1.00 $340.00 Roll Out Polypipe Acre $8.25 1.00 $8.25 Packing Line Acre $1,252.47 1.00 $1,252.47 Storage Acre $162.50 1.00 $162.50 LDAF Assessment Fee Acre $17.50 1.00 $17.50 Crop Consultant Acre $15.00 1.00 $15.00 Interest on Operating Capital Acre $48.15 1.00 $48.15 Total Direct Expenses $4,135.24 Fixed Expenses Tractor/Implement Acre $290.44 1.00 $290.44 Irrigation Acre $55.30 1.00 $55.30 Total Specified Expenses $4,480.98 6
Table 2b. 2017 Estimated Resource Use and Costs For Field Activities, Per Acre, Sweet Potato Production, 2 Row Harvester Total Total Acres Hours Fuel R/M Labor Labor Input Direct Fixed Total Month of Per Per Tractor Implement Cost/ Cost/ Use/ Cost/ Cost/ Cost/ Cost/ Cost/ Activity Activity Hour Acre Size Size Acre Acre Acre Acre Acre Acre Acre Acre 1) Disked Three Times Apr 10.28 0.097 170 HP Heavy Disk 20 Ft $4.73 $4.84 0.321 $4.38 $0.00 $13.95 $16.72 $30.67 2) Apply Fertilizer Apr 5.09 0.196 75 HP Fertilizer Pull Type 12 ft $1.40 $0.53 0.216 $2.95 $0.00 $4.89 $2.79 $7.68 N 40 lbs @ $0.32/lb $0.00 $0.00 0.000 $0.00 $12.80 $12.80 $0.00 $12.80 P 120 lbs @ $0.49/lb $0.00 $0.00 0.000 $0.00 $58.80 $58.80 $0.00 $58.80 K 120 lbs @ $0.26/lb $0.00 $0.00 0.000 $0.00 $31.20 $31.20 $0.00 $31.20 3) Hipped Field Apr 10.13 0.099 170 HP Bed Disk (Hipper) 6 Row $1.60 $0.90 0.109 $1.48 $0.00 $3.98 $4.29 $8.26 4) Apply Fummigant Apr 11.11 0.090 150 HP Fumigant Applicator 6 Row $1.29 $1.01 0.099 $1.35 $0.00 $3.65 $3.90 $7.55 Telone II 8 gal @ $18.50/gal $0.00 $0.00 0.000 $0.00 $148.00 $148.00 $0.00 $156.00 5) Hipped Field Apr 10.13 0.099 170 HP Bed Disk (Hipper) 6 Row $1.60 $0.90 0.109 $1.48 $0.00 $3.98 $4.29 $8.26 6) Hipped and Applied Herbicide Apr 10.13 0.099 170 HP Bed Disk (Hipper) 6 Row $1.60 $0.90 0.109 $1.48 $0.00 $3.98 $4.29 $8.26 Valor SX 2.5 oz @ $6.38/oz $0.00 $0.00 0.000 $0.00 $15.95 $15.95 $0.00 $15.95 7) Hipped and Applied Insecticide Apr 10.13 0.099 170 HP Bed Disk (Hipper) 6 Row $1.60 $0.90 0.109 $1.48 $0.00 $3.98 $4.29 $8.26 Lorsban 4E 2 qrts @ $6.66/pt $0.00 $0.00 0.000 $0.00 $26.64 $26.64 $0.00 $26.64 Admire Pro 10.5 oz @ $1.72/oz $0.00 $0.00 0.000 $0.00 $18.06 $18.06 $0.00 $18.06 8) Slips For Transplant May 1.00 1.000 50 HP Utility Trailer 10 Ft $4.76 $1.40 1.100 $15.01 $0.00 $21.17 $7.93 $29.10 Sweet Potato Slips $0.00 $0.00 0.000 $0.00 $379.06 $379.06 $0.00 $379.06 Additional Labor 10 Hours $0.00 $0.00 0.000 $0.00 $136.46 $136.46 $0.00 $136.46 9) Plant Slips May 1.00 1.000 75 HP Transplanter 6 Row $7.14 $1.78 1.100 $15.01 $0.00 $23.93 $16.70 $40.63 Additional Labor 14 Hours $0.00 $0.00 0.000 $0.00 $191.04 $191.04 $0.00 $191.04 Transplant Crates 12@$8.00/crate (Prorated 3yrs) $0.00 $0.00 0.000 $0.00 $32.00 $32.00 $0.00 $32.00 10) Apply Herbicide May 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Command 3ME 2 2/3 pts @ $18.50/pt $0.00 $0.00 0.000 $0.00 $49.33 $49.33 $0.00 $49.33 11) Clean Ditches May 50.00 0.020 50 HP Ditcher $0.10 $0.07 0.022 $0.30 $0.00 $0.47 $0.21 $0.67 12) Apply Insecticide June 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 oz @ $74/gallon $0.00 $0.00 0.000 $0.00 $1.85 $1.85 $0.00 $1.85 13) Cultivate June 0.92 1.086 170 HP Culivator 6 Row $1.76 $1.07 0.119 $1.63 $0.00 $4.46 $4.94 $9.40 14) Cultivate and Apply Insecticide June 8.64 0.116 170 HP Cultivator Plus Post 6 Row $1.87 $1.31 0.127 $1.74 $0.00 $4.92 $5.71 $10.63 Belay 12 oz @ $2.40/oz $0.00 $0.00 0.000 $0.00 $28.80 $28.80 $0.00 $28.80 15) Apply Insecticide June 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Imidan 70 WSB 1.3 lbs @ $11.10/lb $0.00 $0.00 0.000 $0.00 $14.43 $14.43 $0.00 $14.43 16) Apply Insecticide June 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 oz @ $74/gallon $0.00 $0.00 0.000 $0.00 $1.85 $1.85 $0.00 $1.85 17) Irrigation 6 ac in applied in 4 applications June Furrow (Polypipe) $10.39 $4.89 0.433 $5.91 $0.00 $21.19 $55.30 $76.49 Roll out Poly Pipe 33 ft @ $0.25/ft $0.00 $0.00 0.000 $0.00 $8.25 $8.25 $0.00 $8.25 18) Apply Insecticide July 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Baythroid XL 2.8 oz @ $2.48/oz $0.00 $0.00 0.000 $0.00 $6.94 $6.94 $0.00 $6.94 19) Apply Insecticide July 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Imidan 70 WSB 1.3 lbs @ $11.10/lb $0.00 $0.00 0.000 $0.00 $14.43 $14.43 $0.00 $14.43 20) Apply Insecticide and Zinc July 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 oz @ $74/gallon $0.00 $0.00 0.000 $0.00 $1.85 $1.85 $0.00 $1.85 Zinc Plus 1 qrt @ $2.99/pt $0.00 $0.00 0.000 $0.00 $5.98 $5.98 $0.00 $5.98 21) Apply Insecticide Aug 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Leverage 2.7 2.8 oz @ $1.95/oz $0.00 $0.00 0.000 $0.00 $5.46 $5.46 $0.00 $5.46 22) Shredded Plants Sept 7.27 0.138 75 HP Stalk Shredder Flail 12 ft $0.98 $2.10 0.151 $2.06 $0.00 $5.14 $2.52 $7.67 23) Harvest Sept 0.30 3.333 150 HP Potato Harvester 2 Row $47.61 $36.26 3.667 $50.03 $0.00 $133.91 $122.19 $256.10 Additional Labor 40 Hours $0.00 $0.00 0.000 $0.00 $545.83 $545.83 $0.00 $545.83 Harvest Bins 25@$68/bin (Prorated 5 yrs) $0.00 $0.00 0.000 $0.00 $340.00 $340.00 $0.00 $340.00 24) Utility Trailer For Harvest Sept 0.30 3.333 50 HP Utility Trailer 10 Ft $15.87 $4.65 3.667 $50.03 $0.00 $70.56 $26.45 $97.00 25) Truck 18 Wheeler Sept 0.60 1.667 18 Wheeler $2.22 $10.40 3.667 $50.03 $0.00 $62.66 $30.20 $92.86 Additional Labor 3.33 Hours $0.00 $0.00 0.000 $0.00 $45.49 $45.49 $0.00 $45.49 26) Forklift In Field Sept 0.30 3.333 Forklift $7.31 $2.21 3.667 $50.03 $0.00 $59.55 $13.20 $72.75 27) Forklift At Packing Shed Sept 0.30 3.333 Forklift $7.31 $2.21 3.667 $50.03 $0.00 $59.55 $13.20 $72.75 28) Packing 500 Bushel Yield with 65% packout Nov $0.00 $0.00 0.000 $0.00 $0.00 $0.00 $0.00 $0.00 Boxes 406 boxes @ $1.65/box $0.00 $0.00 0.000 $0.00 $670.31 $670.31 $0.00 $670.31 Broker Costs 406 boxes @ $0.50/box $0.00 $0.00 0.000 $0.00 $203.13 $203.13 $0.00 $203.13 Packing Labor 406 boxes @ $0.80/box $0.00 $0.00 0.000 $0.00 $325.00 $325.00 $0.00 $325.00 Shrink Wrap 406 boxes @ $0.133/box $0.00 $0.00 0.000 $0.00 $54.03 $54.03 $0.00 $54.03 29) Storage Costs (Harvest to May) Nov $0.00 $0.00 0.000 $0.00 $0.00 $0.00 $0.00 $0.00 Storage Costs 162.5 Bu @ $1.00/bu $0.00 $0.00 0.000 $0.00 $162.50 $162.50 $0.00 $162.50 30) LDAF Assessment Fee Nov $0.00 $0.00 0.000 $0.00 $17.50 $17.50 $0.00 $17.50 31) Crop Consultant Nov $0.00 $0.00 0.000 $0.00 $15.00 $15.00 $0.00 $15.00 Totals $124.71 $80.44 23.008 $313.97 $3,567.97 $4,087.09 $345.74 $4,432.83 Interest on Operating Captial $48.15 Total Specified Costs $4,480.98 7
Table 2c. Projected Returns Above Total Specified Costs at Various Fresh Market Sales Volumes and Prices, 55 Percent Fresh Market Packout Total Percent Volume Fresh Market Price ($ per 40 Lb Box) Yield Packout Marketed $14.00 $14.50 $15.00 $15.50 $16.00 $16.50 $17.00 $17.50 $18.00 (Bushels) (Percent) (40 Lb Boxes) Returns Per Acre above Direct Costs 200 55.00% 138 ($2,548.98) ($2,479.98) ($2,410.98) ($2,341.98) ($2,272.98) ($2,203.98) ($2,134.98) ($2,065.98) ($1,996.98) 250 55.00% 172 ($2,072.98) ($1,986.98) ($1,900.98) ($1,814.98) ($1,728.98) ($1,642.98) ($1,556.98) ($1,470.98) ($1,384.98) 300 55.00% 206 ($1,596.98) ($1,493.98) ($1,390.98) ($1,287.98) ($1,184.98) ($1,081.98) ($978.98) ($875.98) ($772.98) 350 55.00% 241 ($1,106.98) ($986.48) ($865.98) ($745.48) ($624.98) ($504.48) ($383.98) ($263.48) ($142.98) 400 55.00% 275 ($630.98) ($493.48) ($355.98) ($218.48) ($80.98) $56.52 $194.02 $331.52 $469.02 450 55.00% 309 ($154.98) ($0.48) $154.02 $308.52 $463.02 $617.52 $772.02 $926.52 $1,081.02 500 55.00% 344 $335.02 $507.02 $679.02 $851.02 $1,023.02 $1,195.02 $1,367.02 $1,539.02 $1,711.02 550 55.00% 378 $811.02 $1,000.02 $1,189.02 $1,378.02 $1,567.02 $1,756.02 $1,945.02 $2,134.02 $2,323.02 600 55.00% 413 $1,301.02 $1,507.52 $1,714.02 $1,920.52 $2,127.02 $2,333.52 $2,540.02 $2,746.52 $2,953.02 Table 2d. Projected Returns Above Total Specified Costs at Various Fresh Market Sales Volumes and Prices, 60 Percent Fresh Market Packout Total Percent Volume Fresh Market Price ($ per 40 Lb Box) Yield Packout Marketed $14.00 $14.50 $15.00 $15.50 $16.00 $16.50 $17.00 $17.50 $18.00 (Bushels) (Percent) (40 Lb Boxes) Returns Per Acre above Direct Costs 200 60.00% 150 ($2,380.98) ($2,305.98) ($2,230.98) ($2,155.98) ($2,080.98) ($2,005.98) ($1,930.98) ($1,855.98) ($1,780.98) 250 60.00% 188 ($1,848.98) ($1,754.98) ($1,660.98) ($1,566.98) ($1,472.98) ($1,378.98) ($1,284.98) ($1,190.98) ($1,096.98) 300 60.00% 225 ($1,330.98) ($1,218.48) ($1,105.98) ($993.48) ($880.98) ($768.48) ($655.98) ($543.48) ($430.98) 350 60.00% 263 ($798.98) ($667.48) ($535.98) ($404.48) ($272.98) ($141.48) ($9.98) $121.52 $253.02 400 60.00% 300 ($280.98) ($130.98) $19.02 $169.02 $319.02 $469.02 $619.02 $769.02 $919.02 450 60.00% 338 $251.02 $420.02 $589.02 $758.02 $927.02 $1,096.02 $1,265.02 $1,434.02 $1,603.02 500 60.00% 375 $769.02 $956.52 $1,144.02 $1,331.52 $1,519.02 $1,706.52 $1,894.02 $2,081.52 $2,269.02 550 60.00% 413 $1,301.02 $1,507.52 $1,714.02 $1,920.52 $2,127.02 $2,333.52 $2,540.02 $2,746.52 $2,953.02 600 60.00% 450 $1,819.02 $2,044.02 $2,269.02 $2,494.02 $2,719.02 $2,944.02 $3,169.02 $3,394.02 $3,619.02 Table 2e. Projected Returns Above Total Specified Costs at Various Fresh Market Sales Volumes and Prices, 65 Percent Fresh Market Packout Total Percent Volume Fresh Market Price ($ per 40 Lb Box) Yield Packout Marketed $14.00 $14.50 $15.00 $15.50 $16.00 $16.50 $17.00 $17.50 $18.00 (Bushels) (Percent) (40 Lb Boxes) Returns Per Acre above Direct Costs 200 65.00% 163 ($2,198.98) ($2,117.48) ($2,035.98) ($1,954.48) ($1,872.98) ($1,791.48) ($1,709.98) ($1,628.48) ($1,546.98) 250 65.00% 203 ($1,638.98) ($1,537.48) ($1,435.98) ($1,334.48) ($1,232.98) ($1,131.48) ($1,029.98) ($928.48) ($826.98) 300 65.00% 244 ($1,064.98) ($942.98) ($820.98) ($698.98) ($576.98) ($454.98) ($332.98) ($210.98) ($88.98) 350 65.00% 284 ($504.98) ($362.98) ($220.98) ($78.98) $63.02 $205.02 $347.02 $489.02 $631.02 400 65.00% 325 $69.02 $231.52 $394.02 $556.52 $719.02 $881.52 $1,044.02 $1,206.52 $1,369.02 450 65.00% 366 $643.02 $826.02 $1,009.02 $1,192.02 $1,375.02 $1,558.02 $1,741.02 $1,924.02 $2,107.02 500 65.00% 406 $1,203.02 $1,406.02 $1,609.02 $1,812.02 $2,015.02 $2,218.02 $2,421.02 $2,624.02 $2,827.02 550 65.00% 447 $1,777.02 $2,000.52 $2,224.02 $2,447.52 $2,671.02 $2,894.52 $3,118.02 $3,341.52 $3,565.02 600 65.00% 488 $2,351.02 $2,595.02 $2,839.02 $3,083.02 $3,327.02 $3,571.02 $3,815.02 $4,059.02 $4,303.02 8
Table 3a. 2017 Estimated Costs Per Acre, Sweet Potato Production, Shaker Harvester with Bucket Crew Expense Item Unit Price Quantity Amount Your Value Seed Slips Acre $379.06 1.00 $379.06 Fertilizer Nitrogen Lbs $0.32 40.00 $12.80 Phosphate Lbs $0.49 120.00 $58.80 Potash Lbs $0.26 120.00 $31.20 Zinc Qrt $5.98 1.00 $5.98 Herbicide Command 3ME Pts $18.50 2.67 $49.33 Valor SX Oz $6.38 2.50 $15.95 Insecticide Admire Pro Oz $1.72 10.50 $18.06 Baythroid XL Oz $2.48 2.80 $6.94 Belay Oz $2.40 12.00 $28.80 Brigade 2EC Oz $0.58 9.60 $5.55 Imidan 70WSB Lbs $11.10 2.60 $28.86 Leverage 360 Oz $1.95 2.80 $5.46 Lorsban Pts $6.66 4.00 $26.64 Fungicide Telone II Gals $18.50 8.00 $148.00 Labor Tractor/Implement Hr $13.65 7.91 $107.92 Irrigation Hr $13.65 0.43 $5.91 Other Hired Labor Hr $13.65 64.31 $877.50 Fuel Tractor/Implement Gals $1.85 29.63 $54.82 Irrigation Gals $1.85 5.62 $10.39 Repair and Maintenance Tractor/Implement Acre $30.97 1.00 $30.97 Irrigation Acre $4.89 1.00 $4.89 Other Transplant Crates Acre $32.00 1.00 $32.00 Harvest Bins Acre $340.00 1.00 $340.00 Roll Out Polypipe Acre $8.25 1.00 $8.25 Packing Line Acre $1,252.47 1.00 $1,252.47 Storage Acre $162.50 1.00 $162.50 LDAF Assessment Fee Acre $17.50 1.00 $17.50 Crop Consultant Acre $15.00 1.00 $15.00 Interest on Operating Capital Acre $45.41 1.00 $45.41 Total Direct Expenses $3,786.97 Fixed Expenses Tractor/Implement Acre $134.55 1.00 $134.55 Irrigation Acre $55.30 1.00 $55.30 Total Specified Expenses $3,976.82 9
Table 3b. 2017 Estimated Resource Use and Costs For Field Activities, Per Acre, Sweet Potato Production, Shaker Harvester with Bucket Crew Total Total Acres Hours Fuel R/M Labor Labor Input Direct Fixed Total Month of Per Per Tractor Implement Cost/ Cost/ Use/ Cost/ Cost/ Cost/ Cost/ Cost/ Activity Activity Hour Acre Size Size Acre Acre Acre Acre Acre Acre Acre Acre 1) Disked Three Times Apr 10.28 0.097 170 HP Heavy Disk 20 Ft $4.73 $4.84 0.321 $4.38 $0.00 $13.95 $16.72 $30.67 2) Apply Fertilizer Apr 5.09 0.196 75 HP Fertilizer Pull Type 12 ft $1.40 $0.53 0.216 $2.95 $0.00 $4.89 $2.79 $7.68 N 40 lbs @ $0.32/lb $0.00 $0.00 0.000 $0.00 $12.80 $12.80 $0.00 $12.80 P 120 lbs @ $0.49/lb $0.00 $0.00 0.000 $0.00 $58.80 $58.80 $0.00 $58.80 K 120 lbs @ $0.26/lb $0.00 $0.00 0.000 $0.00 $31.20 $31.20 $0.00 $31.20 3) Hipped Field Apr 10.13 0.099 170 HP Bed Disk (Hipper) 6 Row $1.60 $0.90 0.109 $1.48 $0.00 $3.98 $4.29 $8.26 4) Apply Fummigant Apr 11.11 0.090 150 HP Fumigant Applicator 6 Row $1.29 $1.01 0.099 $1.35 $0.00 $3.65 $3.90 $7.55 Telone II 8 gal @ $18.50/gal $0.00 $0.00 0.000 $0.00 $148.00 $148.00 $0.00 $156.00 5) Hipped Field Apr 10.13 0.099 170 HP Bed Disk (Hipper) 6 Row $1.60 $0.90 0.109 $1.48 $0.00 $3.98 $4.29 $8.26 6) Hipped and Applied Herbicide Apr 10.13 0.099 170 HP Bed Disk (Hipper) 6 Row $1.60 $0.90 0.109 $1.48 $0.00 $3.98 $4.29 $8.26 Valor SX 2.5 oz @ $6.38/oz $0.00 $0.00 0.000 $0.00 $15.95 $15.95 $0.00 $15.95 7) Hipped and Applied Insecticide Apr 10.13 0.099 170 HP Bed Disk (Hipper) 6 Row $1.60 $0.90 0.109 $1.48 $0.00 $3.98 $4.29 $8.26 Lorsban 4E 2 qrts @ $6.66/pt $0.00 $0.00 0.000 $0.00 $26.64 $26.64 $0.00 $26.64 Admire Pro 10.5 oz @ $1.72/oz $0.00 $0.00 0.000 $0.00 $18.06 $18.06 $0.00 $18.06 8) Slips For Transplant May 1.00 1.000 50 HP Utility Trailer 10 Ft $4.76 $1.40 1.100 $15.01 $0.00 $21.17 $7.93 $29.10 Sweet Potato Slips $0.00 $0.00 0.000 $0.00 $379.06 $379.06 $0.00 $379.06 Additional Labor 10 Hours $0.00 $0.00 0.000 $0.00 $136.46 $136.46 $0.00 $136.46 9) Plant Slips May 1.00 1.000 75 HP Transplanter 6 Row $7.14 $1.78 1.100 $15.01 $0.00 $23.93 $16.70 $40.63 Additional Labor 14 Hours $0.00 $0.00 0.000 $0.00 $191.04 $191.04 $0.00 $191.04 Transplant Crates 12@$8.00/crate (Prorated 3yrs) $0.00 $0.00 0.000 $0.00 $32.00 $32.00 $0.00 $32.00 10) Apply Herbicide May 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Command 3ME 2 2/3 pts @ $18.50/pt $0.00 $0.00 0.000 $0.00 $49.33 $49.33 $0.00 $49.33 11) Clean Ditches May 50.00 0.020 50 HP Ditcher $0.10 $0.07 0.022 $0.30 $0.00 $0.47 $0.21 $0.67 12) Apply Insecticide June 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 oz @ $74/gallon $0.00 $0.00 0.000 $0.00 $1.85 $1.85 $0.00 $1.85 13) Cultivate June 0.92 1.086 170 HP Culivator 6 Row $1.76 $1.07 0.119 $1.63 $0.00 $4.46 $4.94 $9.40 14) Cultivate and Apply Insecticide June 8.64 0.116 170 HP Cultivator Plus Post 6 Row $1.87 $1.31 0.127 $1.74 $0.00 $4.92 $5.71 $10.63 Belay 12 oz @ $2.40/oz $0.00 $0.00 0.000 $0.00 $28.80 $28.80 $0.00 $28.80 15) Apply Insecticide June 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Imidan 70 WSB 1.3 lbs @ $11.10/lb $0.00 $0.00 0.000 $0.00 $14.43 $14.43 $0.00 $14.43 16) Apply Insecticide June 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 oz @ $74/gallon $0.00 $0.00 0.000 $0.00 $1.85 $1.85 $0.00 $1.85 17) Irrigation 6 ac in applied in 4 applications June Furrow (Polypipe) $10.39 $4.89 0.433 $5.91 $0.00 $21.19 $55.30 $76.49 Roll out Poly Pipe 33 ft @ $0.25/ft $0.00 $0.00 0.000 $0.00 $8.25 $8.25 $0.00 $8.25 18) Apply Insecticide July 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Baythroid XL 2.8 oz @ $2.48/oz $0.00 $0.00 0.000 $0.00 $6.94 $6.94 $0.00 $6.94 19) Apply Insecticide July 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Imidan 70 WSB 1.3 lbs @ $11.10/lb $0.00 $0.00 0.000 $0.00 $14.43 $14.43 $0.00 $14.43 20) Apply Insecticide and Zinc July 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 oz @ $74/gallon $0.00 $0.00 0.000 $0.00 $1.85 $1.85 $0.00 $1.85 Zinc Plus 1 qrt @ $2.99/pt $0.00 $0.00 0.000 $0.00 $5.98 $5.98 $0.00 $5.98 21) Apply Insecticide Aug 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Leverage 2.7 2.8 oz @ $1.95/oz $0.00 $0.00 0.000 $0.00 $5.46 $5.46 $0.00 $5.46 22) Shredded Plants Sept 7.27 0.138 75 HP Stalk Shredder Flail 12 ft $0.98 $2.10 0.151 $2.06 $0.00 $5.14 $2.52 $7.67 23) Harvest Sept 1.50 0.667 150 HP Shaker Harvester 4 Row $14.28 $7.25 0.733 $10.01 $0.00 $31.54 $32.73 $64.28 Bucket Crew 500 Bu Yield @ $1.10/bu $0.00 $0.00 0.000 $0.00 $550.00 $550.00 $0.00 $550.00 Harvest Bins 25@$68/bin (Prorated 5 yrs) $0.00 $0.00 0.000 $0.00 $340.00 $340.00 $0.00 $340.00 24) Utility Trailer For Harvest Sept 1.50 0.667 50 HP Utility Trailer 10 Ft $3.17 $0.93 0.733 $10.01 $0.00 $14.11 $5.29 $19.40 25) Truck 18 Wheeler Sept 3.00 0.333 18 Wheeler $0.44 $2.08 0.733 $10.01 $0.00 $12.53 $6.04 $18.57 26) Forklift In Field Sept 1.50 0.667 Forklift $1.46 $0.44 0.733 $10.01 $0.00 $11.91 $2.64 $14.55 27) Forklift At Packing Shed Sept 1.50 0.667 Forklift $1.46 $0.44 0.733 $10.01 $0.00 $11.91 $2.64 $14.55 28) Packing 500 Bushel Yield with 65% packout Nov $0.00 $0.00 0.000 $0.00 $0.00 $0.00 $0.00 $0.00 Boxes 406 boxes @ $1.65/box $0.00 $0.00 0.000 $0.00 $670.31 $670.31 $0.00 $670.31 Broker Costs 406 boxes @ $0.50/box $0.00 $0.00 0.000 $0.00 $203.13 $203.13 $0.00 $203.13 Packing Labor 406 boxes @ $0.80/box $0.00 $0.00 0.000 $0.00 $325.00 $325.00 $0.00 $325.00 Shrink Wrap 406 boxes @ $0.133/box $0.00 $0.00 0.000 $0.00 $54.03 $54.03 $0.00 $54.03 29) Storage Costs (Harvest to May) Nov $0.00 $0.00 0.000 $0.00 $0.00 $0.00 $0.00 $0.00 Storage Costs 162.5 Bu @ $1.00/bu $0.00 $0.00 0.000 $0.00 $162.50 $162.50 $0.00 $162.50 30) LDAF Assessment Fee Nov $0.00 $0.00 0.000 $0.00 $17.50 $17.50 $0.00 $17.50 31) Crop Consultant Nov $0.00 $0.00 0.000 $0.00 $15.00 $15.00 $0.00 $15.00 Totals $65.21 $35.86 8.342 $113.83 $3,526.65 $3,741.56 $189.85 $3,931.40 Interest on Operating Captial $45.41 Total Specified Costs $3,976.82 10
Table 3c. Projected Returns Above Total Specified Costs at Various Fresh Market Sales Volumes and Prices, 55 Percent Fresh Market Packout Total Percent Volume Fresh Market Price ($ per 40 Lb Box) Yield Packout Marketed $14.00 $14.50 $15.00 $15.50 $16.00 $16.50 $17.00 $17.50 $18.00 (Bushels) (Percent) (40 Lb Boxes) Returns Per Acre above Direct Costs 200 55.00% 138 ($2,044.82) ($1,975.82) ($1,906.82) ($1,837.82) ($1,768.82) ($1,699.82) ($1,630.82) ($1,561.82) ($1,492.82) 250 55.00% 172 ($1,568.82) ($1,482.82) ($1,396.82) ($1,310.82) ($1,224.82) ($1,138.82) ($1,052.82) ($966.82) ($880.82) 300 55.00% 206 ($1,092.82) ($989.82) ($886.82) ($783.82) ($680.82) ($577.82) ($474.82) ($371.82) ($268.82) 350 55.00% 241 ($602.82) ($482.32) ($361.82) ($241.32) ($120.82) ($0.32) $120.18 $240.68 $361.18 400 55.00% 275 ($126.82) $10.68 $148.18 $285.68 $423.18 $560.68 $698.18 $835.68 $973.18 450 55.00% 309 $349.18 $503.68 $658.18 $812.68 $967.18 $1,121.68 $1,276.18 $1,430.68 $1,585.18 500 55.00% 344 $839.18 $1,011.18 $1,183.18 $1,355.18 $1,527.18 $1,699.18 $1,871.18 $2,043.18 $2,215.18 550 55.00% 378 $1,315.18 $1,504.18 $1,693.18 $1,882.18 $2,071.18 $2,260.18 $2,449.18 $2,638.18 $2,827.18 600 55.00% 413 $1,805.18 $2,011.68 $2,218.18 $2,424.68 $2,631.18 $2,837.68 $3,044.18 $3,250.68 $3,457.18 Table 3d. Projected Returns Above Total Specified Costs at Various Fresh Market Sales Volumes and Prices, 60 Percent Fresh Market Packout Total Percent Volume Fresh Market Price ($ per 40 Lb Box) Yield Packout Marketed $14.00 $14.50 $15.00 $15.50 $16.00 $16.50 $17.00 $17.50 $18.00 (Bushels) (Percent) (40 Lb Boxes) Returns Per Acre above Direct Costs 200 60.00% 150 ($1,876.82) ($1,801.82) ($1,726.82) ($1,651.82) ($1,576.82) ($1,501.82) ($1,426.82) ($1,351.82) ($1,276.82) 250 60.00% 188 ($1,344.82) ($1,250.82) ($1,156.82) ($1,062.82) ($968.82) ($874.82) ($780.82) ($686.82) ($592.82) 300 60.00% 225 ($826.82) ($714.32) ($601.82) ($489.32) ($376.82) ($264.32) ($151.82) ($39.32) $73.18 350 60.00% 263 ($294.82) ($163.32) ($31.82) $99.68 $231.18 $362.68 $494.18 $625.68 $757.18 400 60.00% 300 $223.18 $373.18 $523.18 $673.18 $823.18 $973.18 $1,123.18 $1,273.18 $1,423.18 450 60.00% 338 $755.18 $924.18 $1,093.18 $1,262.18 $1,431.18 $1,600.18 $1,769.18 $1,938.18 $2,107.18 500 60.00% 375 $1,273.18 $1,460.68 $1,648.18 $1,835.68 $2,023.18 $2,210.68 $2,398.18 $2,585.68 $2,773.18 550 60.00% 413 $1,805.18 $2,011.68 $2,218.18 $2,424.68 $2,631.18 $2,837.68 $3,044.18 $3,250.68 $3,457.18 600 60.00% 450 $2,323.18 $2,548.18 $2,773.18 $2,998.18 $3,223.18 $3,448.18 $3,673.18 $3,898.18 $4,123.18 Table 3e. Projected Returns Above Total Specified Costs at Various Fresh Market Sales Volumes and Prices, 65 Percent Fresh Market Packout Total Percent Volume Fresh Market Price ($ per 40 Lb Box) Yield Packout Marketed $14.00 $14.50 $15.00 $15.50 $16.00 $16.50 $17.00 $17.50 $18.00 (Bushels) (Percent) (40 Lb Boxes) Returns Per Acre above Direct Costs 200 65.00% 163 ($1,694.82) ($1,613.32) ($1,531.82) ($1,450.32) ($1,368.82) ($1,287.32) ($1,205.82) ($1,124.32) ($1,042.82) 250 65.00% 203 ($1,134.82) ($1,033.32) ($931.82) ($830.32) ($728.82) ($627.32) ($525.82) ($424.32) ($322.82) 300 65.00% 244 ($560.82) ($438.82) ($316.82) ($194.82) ($72.82) $49.18 $171.18 $293.18 $415.18 350 65.00% 284 ($0.82) $141.18 $283.18 $425.18 $567.18 $709.18 $851.18 $993.18 $1,135.18 400 65.00% 325 $573.18 $735.68 $898.18 $1,060.68 $1,223.18 $1,385.68 $1,548.18 $1,710.68 $1,873.18 450 65.00% 366 $1,147.18 $1,330.18 $1,513.18 $1,696.18 $1,879.18 $2,062.18 $2,245.18 $2,428.18 $2,611.18 500 65.00% 406 $1,707.18 $1,910.18 $2,113.18 $2,316.18 $2,519.18 $2,722.18 $2,925.18 $3,128.18 $3,331.18 550 65.00% 447 $2,281.18 $2,504.68 $2,728.18 $2,951.68 $3,175.18 $3,398.68 $3,622.18 $3,845.68 $4,069.18 600 65.00% 488 $2,855.18 $3,099.18 $3,343.18 $3,587.18 $3,831.18 $4,075.18 $4,319.18 $4,563.18 $4,807.18 11
Table 4a. 2017 Estimated Costs Per Acres, Sweet Potato Production, Bulk Harvester, No Storage Expense Item Unit Price Quantity Amount Your Value Seed Slips Acre $379.06 1.00 $379.06 Fertilizer Nitrogen Lbs $0.32 40.00 $12.80 Phosphate Lbs $0.49 120.00 $58.80 Potash Lbs $0.26 120.00 $31.20 Zinc Qrt $5.98 1.00 $5.98 Herbicide Command 3ME Pts $18.50 2.67 $49.33 Valor SX Oz $6.38 2.50 $15.95 Insecticide Admire Pro Oz $1.72 10.50 $18.06 Baythroid XL Oz $2.48 2.80 $6.94 Belay Oz $2.40 12.00 $28.80 Brigade 2EC Oz $0.58 9.60 $5.55 Imidan 70WSB Lbs $11.10 2.60 $28.86 Leverage 360 Oz $1.95 2.80 $5.46 Lorsban Pts $6.66 4.00 $26.64 Fungicide Telone II Gals $18.50 8.00 $148.00 Labor Tractor/Implement Hr $13.65 11.58 $157.95 Irrigation Hr $13.65 0.43 $5.91 Other Hired Labor Hr $13.65 27.33 $372.98 Fuel Tractor/Implement Gals $2.00 32.99 $65.98 Irrigation Gals $2.00 5.20 $10.39 Repair and Maintenance Tractor/Implement Acre $72.60 1.00 $72.60 Irrigation Acre $4.89 1.00 $4.89 Other Transplant Crates Acre $32.00 1.00 $32.00 Harvest Bins Acre $340.00 1.00 $340.00 Roll Out Polypipe Acre $8.25 1.00 $8.25 LDAF Assessment Fee Acre $17.50 1.00 $17.50 Crop Consultant Acre $15.00 1.00 $15.00 Interest on Operating Capital Acre $36.63 1.00 $36.63 Total Direct Expenses $1,961.52 Fixed Expenses Tractor/Implement Acre $210.21 1.00 $210.21 Irrigation Acre $55.30 1.00 $55.30 Total Specified Expenses $2,227.03 12
Table 4b. 2017 Estimated Resource Use and Costs For Field Activities, Per Acre, Sweet Potato Production, Bulk Harvester, No Storage Total Total Acres Hours Fuel R/M Labor Labor Input Direct Fixed Total Month of Per Per Tractor Implement Cost/ Cost/ Use/ Cost/ Cost/ Cost/ Cost/ Cost/ Activity Activity Hour Acre Size Size Acre Acre Acre Acre Acre Acre Acre Acre 1) Disked Three Times Apr 10.28 0.097 170 HP Heavy Disk 20 Ft $4.73 $4.84 0.321 $4.38 $0.00 $13.95 $16.72 $30.67 2) Apply Fertilizer Apr 5.09 0.196 75 HP Fertilizer Pull Type 12 ft $1.40 $0.53 0.216 $2.95 $0.00 $4.89 $2.79 $7.68 N 40 lbs @ $0.32/lb $0.00 $0.00 0.000 $0.00 $12.80 $12.80 $0.00 $12.80 P 120 lbs @ $0.49/lb $0.00 $0.00 0.000 $0.00 $58.80 $58.80 $0.00 $58.80 K 120 lbs @ $0.26/lb $0.00 $0.00 0.000 $0.00 $31.20 $31.20 $0.00 $31.20 3) Hipped Field Apr 10.13 0.099 170 HP Bed Disk (Hipper) 6 Row $1.60 $0.90 0.109 $1.48 $0.00 $3.98 $4.29 $8.26 4) Apply Fummigant Apr 11.11 0.090 150 HP Fumigant Applicator 6 Row $1.29 $1.01 0.099 $1.35 $0.00 $3.65 $3.90 $7.55 Telone II 8 gal @ $18.50/gal $0.00 $0.00 0.000 $0.00 $148.00 $148.00 $0.00 $156.00 5) Hipped Field Apr 10.13 0.099 170 HP Bed Disk (Hipper) 6 Row $1.60 $0.90 0.109 $1.48 $0.00 $3.98 $4.29 $8.26 6) Hipped and Applied Herbicide Apr 10.13 0.099 170 HP Bed Disk (Hipper) 6 Row $1.60 $0.90 0.109 $1.48 $0.00 $3.98 $4.29 $8.26 Valor SX 2.5 oz @ $6.38/oz $0.00 $0.00 0.000 $0.00 $15.95 $15.95 $0.00 $15.95 7) Hipped and Applied Insecticide Apr 10.13 0.099 170 HP Bed Disk (Hipper) 6 Row $1.60 $0.90 0.109 $1.48 $0.00 $3.98 $4.29 $8.26 Lorsban 4E 2 qrts @ $6.66/pt $0.00 $0.00 0.000 $0.00 $26.64 $26.64 $0.00 $26.64 Admire Pro 10.5 oz @ $1.72/oz $0.00 $0.00 0.000 $0.00 $18.06 $18.06 $0.00 $18.06 8) Slips For Transplant May 1.00 1.000 50 HP Utility Trailer 10 Ft $4.76 $1.40 1.100 $15.01 $0.00 $21.17 $7.93 $29.10 Sweet Potato Slips $0.00 $0.00 0.000 $0.00 $379.06 $379.06 $0.00 $379.06 Additional Labor 10 Hours $0.00 $0.00 0.000 $0.00 $136.46 $136.46 $0.00 $136.46 9) Plant Slips May 1.00 1.000 75 HP Transplanter 6 Row $7.14 $1.78 1.100 $15.01 $0.00 $23.93 $16.70 $40.63 Additional Labor 14 Hours $0.00 $0.00 0.000 $0.00 $191.04 $191.04 $0.00 $191.04 Transplant Crates 12@$8.00/crate (Prorated 3yrs) $0.00 $0.00 0.000 $0.00 $32.00 $32.00 $0.00 $32.00 10) Apply Herbicide May 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Command 3ME 2 2/3 pts @ $18.50/pt $0.00 $0.00 0.000 $0.00 $49.33 $49.33 $0.00 $49.33 11) Clean Ditches May 50.00 0.020 50 HP Ditcher $0.10 $0.07 0.022 $0.30 $0.00 $0.47 $0.21 $0.67 12) Apply Insecticide June 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 oz @ $74/gallon $0.00 $0.00 0.000 $0.00 $1.85 $1.85 $0.00 $1.85 13) Cultivate June 0.92 1.086 170 HP Culivator 6 Row $1.76 $1.07 0.119 $1.63 $0.00 $4.46 $4.94 $9.40 14) Cultivate and Apply Insecticide June 8.64 0.116 170 HP Cultivator Plus Post 6 Row $1.87 $1.31 0.127 $1.74 $0.00 $4.92 $5.71 $10.63 Belay 12 oz @ $2.40/oz $0.00 $0.00 0.000 $0.00 $28.80 $28.80 $0.00 $28.80 15) Apply Insecticide June 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Imidan 70 WSB 1.3 lbs @ $11.10/lb $0.00 $0.00 0.000 $0.00 $14.43 $14.43 $0.00 $14.43 16) Apply Insecticide June 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 oz @ $74/gallon $0.00 $0.00 0.000 $0.00 $1.85 $1.85 $0.00 $1.85 17) Irrigation 6 ac in applied in 4 applications June Furrow (Polypipe) $10.39 $4.89 0.433 $5.91 $0.00 $21.19 $55.30 $76.49 Roll out Poly Pipe 33 ft @ $0.25/ft $0.00 $0.00 0.000 $0.00 $8.25 $8.25 $0.00 $8.25 18) Apply Insecticide July 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Baythroid XL 2.8 oz @ $2.48/oz $0.00 $0.00 0.000 $0.00 $6.94 $6.94 $0.00 $6.94 19) Apply Insecticide July 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Imidan 70 WSB 1.3 lbs @ $11.10/lb $0.00 $0.00 0.000 $0.00 $14.43 $14.43 $0.00 $14.43 20) Apply Insecticide and Zinc July 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Brigrade 2EC 3.2 oz @ $74/gallon $0.00 $0.00 0.000 $0.00 $1.85 $1.85 $0.00 $1.85 Zinc Plus 1 qrt @ $2.99/pt $0.00 $0.00 0.000 $0.00 $5.98 $5.98 $0.00 $5.98 21) Apply Insecticide Aug 15.95 0.063 75 HP Spray Broadcast 27 ft $0.45 $0.27 0.069 $0.94 $0.00 $1.65 $0.83 $2.48 Leverage 2.7 2.8 oz @ $1.95/oz $0.00 $0.00 0.000 $0.00 $5.46 $5.46 $0.00 $5.46 22) Shredded Plants Sept 7.27 0.138 75 HP Stalk Shredder Flail 12 ft $0.98 $2.10 0.151 $2.06 $0.00 $5.14 $2.52 $7.67 23) Harvest Sept 1.50 0.667 150 HP Shaker Harvester 4 Row $11.90 $44.42 0.917 $12.51 $0.00 $68.83 $84.41 $153.24 Additional Labor 3.33 Hours $0.00 $0.00 0.000 $0.00 $45.49 $45.49 $0.00 $45.49 Harvest Bins 25@$68/bin (Prorated 5 yrs) $0.00 $0.00 0.000 $0.00 $340.00 $340.00 $0.00 $340.00 24) Four (4) Utility Trailiers For Harvest Sept 1.20 0.833 50 HP Utility Trailer 10 Ft $15.87 $4.65 3.667 $50.03 $0.00 $70.56 $26.45 $97.00 25) Truck 18 Wheeler Sept 2.40 0.417 18 Wheeler $0.56 $2.60 0.917 $12.51 $0.00 $15.66 $7.55 $23.21 26) Forklift In Field Sept 1.20 0.833 Forklift $1.83 $0.55 0.917 $12.51 $0.00 $14.89 $3.30 $18.19 27) Forklift Off Loading Site Sept 1.20 0.833 Forklift $1.83 $0.55 0.917 $12.51 $0.00 $14.89 $3.30 $18.19 28) LDAF Assessment Fee Nov $0.00 $0.00 0.000 $0.00 $17.50 $17.50 $0.00 $17.50 29) Crop Consultant Nov $0.00 $0.00 0.000 $0.00 $15.00 $15.00 $0.00 $15.00 Totals $76.37 $77.49 12.008 $163.86 $1,607.17 $1,924.89 $265.51 $2,190.40 Interest on Operating Captial $36.63 Total Specified Costs $2,227.03 13
Table 4c. Projected Returns Above Total Specified Costs at Various Yields and Prices, No Storage Total Total Processor Contract Price ($ per cwt) Yield Yield $14.00 $14.50 $15.00 $15.50 $16.00 $16.50 $17.00 $17.50 $18.00 (Bushels) (Cwts) Returns Per Acre above Direct Costs 200 100 ($827.03) ($777.03) ($727.03) ($677.03) ($627.03) ($577.03) ($527.03) ($477.03) ($427.03) 250 125 ($477.03) ($414.53) ($352.03) ($289.53) ($227.03) ($164.53) ($102.03) ($39.53) $22.97 300 150 ($127.03) ($52.03) $22.97 $97.97 $172.97 $247.97 $322.97 $397.97 $472.97 350 175 $222.97 $310.47 $397.97 $485.47 $572.97 $660.47 $747.97 $835.47 $922.97 400 200 $572.97 $672.97 $772.97 $872.97 $972.97 $1,072.97 $1,172.97 $1,272.97 $1,372.97 450 225 $922.97 $1,035.47 $1,147.97 $1,260.47 $1,372.97 $1,485.47 $1,597.97 $1,710.47 $1,822.97 500 250 $1,272.97 $1,397.97 $1,522.97 $1,647.97 $1,772.97 $1,897.97 $2,022.97 $2,147.97 $2,272.97 550 275 $1,622.97 $1,760.47 $1,897.97 $2,035.47 $2,172.97 $2,310.47 $2,447.97 $2,585.47 $2,722.97 600 300 $1,972.97 $2,122.97 $2,272.97 $2,422.97 $2,572.97 $2,722.97 $2,872.97 $3,022.97 $3,172.97 Table 4d. Estimated Additional Storage Costs for Various Storage Lengths, 400 Bushel Yield Per Per Per Storage Length Acre Cwt Bushel No Storage $2,227.03 $11.14 $5.57 One Month $2,284.18 $11.42 $5.71 Two Months $2,341.32 $11.71 $5.85 Three Months $2,398.46 $11.99 $6.00 Four Months $2,455.61 $12.28 $6.14 Five Months $2,512.75 $12.56 $6.28 Six Months $2,569.89 $12.85 $6.42 Seven Months $2,627.03 $13.14 $6.57 Eight Months $2,684.18 $13.42 $6.71 Table 4e. Estimated Additional Storage Costs for Various Storage Lengths, 500 Bushel Yield Per Per Per Storage Length Acre Cwt Bushel No Storage $2,227.03 $8.91 $4.45 One Month $2,298.46 $9.19 $4.60 Two Months $2,369.89 $9.48 $4.74 Three Months $2,441.32 $9.77 $4.88 Four Months $2,512.75 $10.05 $5.03 Five Months $2,584.18 $10.34 $5.17 Six Months $2,655.61 $10.62 $5.31 Seven Months $2,727.03 $10.91 $5.45 Eight Months $2,798.46 $11.19 $5.60 14
Appendix Table 1. Tractors Assumed Performance and Cost Parameters and Estimated Direct and Fixed Costs Per Hour, Louisiana 2017. New Repair/ Total Fuel Purchase Salvage Maintenance Useful Annual Fuel R/M Labor Direct Fixed Total Use Price Value (R/M) Life Use Cost Cost Cost Cost Cost Cost Item Size (gal/hr) (dollars) (percent) (percent) (years) (hours) Dollars Per Hour Tractor( 20 39hp)RB MFWD 30 1.544 $21,300 40% 15% 8 600 $3.63 $0.67 $11.62 $15.92 $3.87 $19.79 Tractor( 20 39hp)CB MFWD 30 1.544 $28,500 40% 15% 8 600 $3.63 $0.89 $11.62 $16.14 $5.18 $21.32 Tractor( 40 59hp)RB 2WD 50 2.5736 $20,900 40% 15% 8 600 $6.05 $0.65 $11.62 $18.32 $3.80 $22.12 Tractor( 40 59hp)CB 2WD 50 2.5736 $32,200 40% 15% 8 600 $6.05 $1.01 $11.62 $18.68 $5.85 $24.53 Tractor( 40 59hp)RB MFWD 50 2.5736 $24,300 40% 15% 8 600 $6.05 $0.76 $11.62 $18.43 $4.41 $22.84 Tractor( 40 59hp)CB MFWD 50 2.5736 $39,100 40% 15% 8 600 $6.05 $1.22 $11.62 $18.89 $7.10 $25.99 Tractor( 60 89hp)RB 2WD 75 3.8604 $34,400 40% 15% 8 600 $9.07 $1.08 $11.62 $21.77 $6.25 $28.02 Tractor( 60 89hp)CB 2WD 75 3.8604 $48,300 40% 15% 8 600 $9.07 $1.51 $11.62 $22.20 $8.77 $30.98 Tractor( 60 89hp)RB MFWD 75 3.8604 $35,800 40% 15% 8 600 $9.07 $1.12 $11.62 $21.81 $6.50 $28.32 Tractor( 60 89hp)CB MFWD 75 3.8604 $54,100 40% 15% 8 600 $9.07 $1.69 $11.62 $22.39 $9.83 $32.21 Tractor( 90 119hp)RB 2WD 105 5.4046 $57,600 40% 15% 8 600 $12.70 $1.80 $11.62 $26.12 $10.46 $36.58 Tractor( 90 119hp)CB 2WD 105 5.4046 $65,300 40% 15% 8 600 $12.70 $2.04 $11.62 $26.36 $11.86 $38.22 Tractor( 90 119hp)RB MFWD 105 5.4046 $62,100 40% 15% 8 600 $12.70 $1.94 $11.62 $26.26 $11.28 $37.54 Tractor( 90 119hp)CB MFWD 105 5.4046 $77,400 40% 15% 8 600 $12.70 $2.42 $11.62 $26.74 $14.06 $40.80 Tractor(120 139hp)CB 2WD 130 6.6914 $177,000 40% 15% 8 600 $15.72 $5.53 $11.62 $32.88 $32.14 $65.02 Tractor(120 139hp)CB MFWD 130 6.6914 $123,000 40% 15% 8 600 $15.72 $3.84 $11.62 $31.19 $22.34 $53.53 Tractor(140 159hp)CB 2WD 150 7.7209 $108,000 40% 15% 8 600 $18.14 $3.38 $11.62 $33.14 $19.61 $52.76 Tractor(140 159hp)CB MFWD 150 7.7209 $143,000 40% 15% 8 600 $18.14 $4.47 $11.62 $34.24 $25.97 $60.21 Tractor(160 179hp)CB MFWD 170 8.7503 $170,000 35% 15% 8 600 $20.56 $5.31 $11.62 $37.50 $32.38 $69.88 Tractor(180 199hp)CB MFWD 190 9.7798 $186,000 35% 15% 8 600 $22.98 $5.81 $11.62 $40.42 $35.43 $75.85 Tractor(200 249hp)CB MFWD 225 11.5813 $218,000 35% 15% 8 600 $27.22 $6.81 $11.62 $45.65 $41.53 $87.18 Tractor(200 249hp)CB Track 225 11.5813 $277,000 35% 15% 8 600 $27.22 $8.66 $11.62 $47.50 $52.77 $100.26 Tractor(250 349hp)CB 4WD 300 15.4418 $281,000 35% 15% 8 600 $36.29 $8.78 $11.62 $56.69 $53.53 $110.22 Tractor(250 349hp)CB Track 300 15.4418 $292,000 35% 15% 8 600 $36.29 $9.13 $11.62 $57.04 $55.62 $112.66 Tractor(350 449hp)CB 4WD 400 20.5890 $325,000 35% 15% 8 600 $48.38 $10.16 $11.62 $70.16 $61.91 $132.07 Tractor(350 449hp)CB Track 400 20.5890 $351,000 35% 15% 8 600 $48.38 $10.97 $11.62 $70.98 $66.86 $137.84 Utility Vehicle mule 600 CC.5 $6,500 30% 25% 8 200 $1.18 $1.02 $11.62 $13.81 $3.89 $17.70 Utility Vehicle 800 CC.7 $9,700 30% 25% 8 200 $1.65 $1.52 $11.62 $14.78 $5.80 $20.59 Utility Vechicle 900 CC 1 $12,200 30% 25% 8 200 $2.35 $1.91 $11.62 $15.88 $7.30 $23.18 Appendix Table 2. Self Propels Assumed Performance and Cost Parameters and Estimated Direct and Fixed Costs Per Hour, Louisiana 2017. New Repair/ Total Fuel Purchase Salvage Maintenance Useful Annual Fuel R/M Labor Direct Fixed Total Use Price Value (R/M) Life Use Cost Cost Cost Cost Cost Cost Item Size (gal/hr) (dollars) (percent) (percent) (years) (hours) Dollars Per Hour Fork Lift 1.0700 $34,853 20% 19% 10 1,000 $2.51 $0.66 $11.62 $14.80 $3.84 $18.64 Truck 18 Wheeler 0.7200 $124,848 20% 45% 15 600 $1.69 $6.24 $11.62 $19.56 $17.37 $36.93 Sprayer 110Gal 30' 50hp 2.4190 $44,880 30% 15% 8 350 $5.68 $2.40 $11.62 $19.71 $15.34 $35.05 Sprayer 300 450gal 60' 125hp 5.6620 $103,000 30% 15% 8 350 $13.31 $5.52 $11.62 $30.45 $35.20 $65.65 Sprayer 300 450gal 80' 125hp 6.4340 $103,000 30% 15% 8 350 $15.12 $5.52 $11.62 $32.26 $35.20 $67.47 Sprayer 600 750gal 60' 175hp 9.0000 $193,000 30% 15% 8 350 $21.15 $10.34 $11.62 $43.11 $65.97 $109.08 Sprayer 600 825gal 80' 175hp 11.8120 $202,000 30% 15% 8 350 $27.76 $10.82 $11.62 $50.20 $69.04 $119.24 Sprayer 600 825gal 90' 250hp 12.7390 $273,000 30% 15% 8 350 $29.94 $14.63 $11.62 $56.18 $93.31 $149.49 15